New York City – June 2, 2014 – Payoneer Inc., a leading online payments company transforming the way technology companies and SMEs send and receive cross-border payments, announced today that it has expanded its leadership position in the stock photography industry by partnering with 123RF, one of the Internet’s fastest-growing royalty-free microstock content suppliers.
A global leader in royalty-free digital media, 123RF has offices across the globe with millions of registered users and more than 100,000 content contributors worldwide. Payoneer complements and extends 123RF’s global reach by providing a payout platform that services more than 200 countries and territories in more than 70 currencies.
“123RF contributors worldwide can now receive money in more ways and in more currencies than ever before,” said Scott Galit, CEO of Payoneer. “123RF can now offer payout options that are much more flexible and streamlined than international wire transfers and other means of payout.”
Prior to selecting Payoneer, 123RF issued a survey to its vast contributor network to identify the most desirable new payment option, and Payoneer was the most requested option due to its flexibility, global reach and strong presence in the stock photography market. Several of the contributors surveyed already had positive experiences with h through other microstock companies they work with.
“For contributors already using Payoneer, this partnership is seamless, as our contributors can simply link their existing Payoneer accounts with 123RF, making it easier, faster and cheaper to receive their commission payments,” said Alex P’ng, VP of Content & Business Development at 123RF. “Through Payoneer’s global reach, we have the capabilities to retain and pay talented contributors who uses 123RF.com as a creative marketplace via Payoneer’s user-friendly payout platform.”
Payoneer provides an industry-leading global payment platform that connects thousands of businesses with millions of trading partners and professionals worldwide, removing the limitations that typically impede cross-border commerce. Payoneer enables companies to send payments to over 200 countries and territories as easily as if they were making local payments, while professionals and small businesses worldwide can immediately receive funds for services provided or products sold, no matter where they are. For payers and payees alike, Payoneer ensures smooth, cost-effective, secure, compliant transactions. Our range of flexible payout options includes transfers to local banks worldwide, prepaid debit cards, international wire transfers and local eWallets. Venture-backed and profitable, Payoneer is ranked in the top 100 of the Inc. 500 Financial Service companies. For more information, visit us at www.payoneer.com or follow us on Twitter and Facebook.
Founded in 2005, 123RF is the leading global provider of high quality yet budget-friendly commercial and editorial photos, vector illustrations, video footage and audio clips. With more than 100,000 content contributors producing Royalty-Free stock content on a daily basis, 123RF empowers creative professionals, global entrepreneurs and advertising agencies both big and small who rely on effective visual communications to stand out from the competition with the freshest stock content. For more information, plans and pricing, visit us at 123RF.com or be our fan on Facebook.
For additional information:
Beth Kempton, Walker Sands Communications